all the junior miners are heavily shorted. so the theory has legs and if it is true...the hedge funds and GS will cover at low bases and then climb this index 10 fold when they are ready. they are covering now, because they know QE3 is coming soon...along with Europe printing. Thats why gold recovered today because of comments out of Europe about printing more money.
most exploration stocks are going to $0. that is why they are being shorted. they are great shorts, no conpiracy needed. if this stock was run by anyone besides McEwen, it would already be at 50-75 cents. it will be there shortly.